After the great crash of 2008, things went a little quiet for
the first 24 months, but in the background nothing really changed. In
other words, little or reform took placing to prevent a new housing
bubble which many experts are warning is due to manifest this year or
next. But that’s not the worst of it…

After all the trouble and strife, still, if you have a mortgage,
banks are selling those loans to third parties many times and these new
corporate ‘owners’ of your home are then foreclosing, and evicting
residents, sometimes for no reason at all. After they remove the
residents, they then sell the property for well below market value –
leaving the ex-homeowner with the price shortfall to pay.

How do you fight this international racket? One way is for people to start taking the banks to court…

But that didn’t stop Bank of America from trying to foreclose on them.
They took their case to court and, a year-and-a-half later, the foreclosure action was dropped.
A Collier County judge said Bank of America had to pay the couple’s $2,534 legal fees, since it had made the mistake.

After more than five months, the bank still hadn’t paid up. So, the
homeowners’ lawyer, Todd Allen, began proceedings to did just what a
bank would have to get its money: legally seize bank assets.
On Friday, sheriff’s deputies and moving vans showed up at the bank.

“I instructed the deputy to go in and take desks, computers, copiers,
and filing cabinets, including cash in the drawers,” Allen says.

Inside, says WINK, “The homeowners’ attorney was locked out of the
bank manager’s office by deputies while the bank manger tried to figure
out what to do.”…

About Priyankar Calicut

Reporting for publications like Foreign Policy, TIME, World Affairs Journal, and Political Science Monitor, Sotloff called himself on Twitter a "stand-up philosopher from E.S" and was a big E.S Heat fan.